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Metro Brands in discussions to bring Foot Locker into India

Feb 28, 2023 23:56 pm UTC| Sports Economy Business Life

Indian multi-brand footwear company, Metro Brands, is among four potential Indian franchisees negotiating to bring Foot Locker to India. The identities of the three other potential franchisees have not been...

Under Armour creates new method to measure fiber shedding

Feb 28, 2023 23:55 pm UTC| Life Sports Nature Economy Business

Under Armour Inc. has developed a new testing methodology to help fight fiber shedding at its source. The new testing method would support Under Armours sustainability goal for 75 percent of fabrics in its products to...

Digital Currency Revolution

Mizuno launches first line of NFTs featuring judo, running, and soccer

Feb 28, 2023 23:55 pm UTC| Sports Economy Business Digital Currency

Mizuno has launched its first line of NFTs with three sets of tokens, one for each of the sports it specializes in: judo, running, and soccer. The launch makes the Japanese sports brand the latest sportswear titan to...

PepsiCo sued for branding Gatorade Fit drinks as 'healthy'

Feb 28, 2023 23:51 pm UTC| Law Economy Business Health

PepsiCo was hit with a consumer class action at the California Central District Court for putting the phrases healthy real hydration, no added sugar and excellent source of vitamins A C in the packaging of its Gatorade...

Cisco to add Webex on Mercedes-Benz vehicles

Feb 28, 2023 23:48 pm UTC| Technology Economy Business

Cisco is will add its Webex conferencing tools to the dashboard of Mercedes-Benz vehicles arriving in dealerships in the coming weeks. Among the Mercedes-Benz cars is the 2024 E Class, which will be equipped with Wi-Fi...

Naver to launch upgraded Korean-based HyperCLOVA X in July

Feb 28, 2023 23:43 pm UTC| Technology Business Economy

Naver Corp. will unveil an upgraded version of the HyperCLOVA X in July in a bid to keep up with the ChatGPT-fueled global competition. Launched in 2021, HyperCLOVA X is a hyperscale artificial intelligence platform...

TD Bank reaches $1.2 billion settlement in Ponzi scheme lawsuit

Feb 28, 2023 23:37 pm UTC| Law Economy Business

Toronto-Dominion Bank (TD Bank) agreed to pay $1.205 billion to settle a lawsuit alleging its involvement in an infamous $7 billion Ponzi scheme orchestrated by disgraced financier Allen Stanford over a decade ago but...

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Economy

China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations

Chinas central bank has introduced its new overnight reverse repo operation, setting the interest rate at 1.25%, according to a Reuters report citing people familiar with the matter. The move marks another step in the...

Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan

Japans government is preparing an ambitious long-term economic strategy aimed at achieving sustained annual real economic growth of more than 1%, according to a draft of its latest economic and fiscal policy framework. The...

China Expands Export Controls, Adds 20 Japanese Companies to Restricted List

China has expanded its export control measures by adding 20 Japanese organizations and companies to its restricted export list, marking another escalation in the ongoing diplomatic and trade tensions between Beijing and...

China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy

Chinas manufacturing sector is expected to return to modest growth in June, supported by resilient exports tied to the booming global artificial intelligence (AI) industry. However, economists caution that the recovery...

US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment

U.S. stock index futures moved higher late Sunday as investors reacted positively to reports that the United States and Iran had agreed to suspend recent military hostilities and resume diplomatic negotiations, easing...

Politics

Taiwan Coast Guard Officer Finds Strength in Faith as China Increases Pressure in Taiwan Strait

As tensions in the Taiwan Strait continue to rise, one Taiwan Coast Guard officer has found reassurance in an unusual combination of professional duty and spiritual faith. Yeh Chih-sheng, the first mate aboard Taiwan Coast...

Australia, Vanuatu Sign Security Pact Amid Pacific Influence Competition

Australia and Vanuatu have officially signed a long-awaited development and security agreement, reinforcing their strategic partnership while highlighting the growing geopolitical competition for influence in the Pacific...

Serbia Protests Continue as Thousands Rally Despite Vucic’s Resignation Plan

Thousands of demonstrators gathered in the central Serbian city of Kraljevo on Sunday, maintaining pressure on President Aleksandar Vucic just one day after he announced plans to resign within weeks and trigger early...

Iran Skips U.S. Technical Talks Over Unmet MoU Conditions and Frozen Funds Dispute

Iran did not participate in the technical talks scheduled for Sunday, citing recent military attacks on the country and unresolved conditions outlined in its memorandum of understanding (MoU) with the United States. The...

Trump Announces September Overhaul of Washington’s East Potomac Golf Links

U.S. President Donald Trump announced that a major renovation of Washingtons historic East Potomac Golf Links will begin on September 1, with plans to transform the century-old public golf course into what he described as...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices

Lenovo Group (HK:0992) shares tumbled nearly 10% in Hong Kong on Monday after the company said it expects DRAM and NAND memory prices to remain structurally higher for years, citing booming artificial intelligence (AI)...

Morgan Stanley Raises Tesla Q2 Delivery Forecast on Strong Europe and China Demand

Morgan Stanley has increased its second-quarter delivery forecast for Tesla Inc. (NASDAQ: TSLA), citing stronger-than-expected electric vehicle (EV) sales in Europe and China. The revised outlook reflects improving demand...

Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says

Open-source artificial intelligence (AI) models are rapidly gaining traction as businesses search for cost-effective alternatives to proprietary AI systems, according to a new research note from Citi. The shift comes as...

Samsung, SK Hynix to Unveil $1.3 Trillion AI and Semiconductor Investment Plan

South Korean technology leaders Samsung Electronics and SK Hynix are reportedly preparing to announce investment plans worth a combined 2,000 trillion won (approximately $1.3 trillion) to strengthen the countrys...

UBS Raises TSMC Price Target to T$3,400 on Strong AI Chip Demand Outlook

Taiwan Semiconductor Manufacturing Company (TSMC) received a fresh vote of confidence from UBS after the investment bank raised its price target for the worlds largest contract chipmaker, citing robust artificial...